New Whine: China Pushes Bordeaux Prices Higher

Within four days, the Chicago-based retailer and auction house had sold out. But its supplier’s price had risen, and Hart Davis Hart now sells the 12-bottle cases for future delivery at $23,000—about $1,900 a bottle.

“That is much more expensive than we have ever seen in a previous futures campaign,” says Ben Nelson, president of Hart Davis Hart Wine.